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If a companys balance sheet shows $2 million in assets and $1 million in liabilities, what is their owners equity? $1 million $2 million $3

  1. If a companys balance sheet shows $2 million in assets and $1 million in liabilities, what is their owners equity?
  1. $1 million
  2. $2 million
  3. $3 million
  4. $4 million

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